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Get your taxes done using TurboTax
The answer is there are multiple possible Form 7206s that can get included in your tax return. Some get included properly and some by error becasue they are not deleted if you change an entry. The two main Form 7206s are associated with Sch K-1 and Sch C. The Form 7206 is to deduct and declare Medical Insurance premiums where the source of payment is from a business. Sch K-1 Form 7206 alone seem to be accepted by the IRS. Sch C Form 7206 seem to be accepted if there is no 1095-A form in your return (i.e. you did not buy Marketplace insurance). So if you enter the premiums as a business expense that seems to work. If you enter 1095-A paid by Sch C this causes a problem and the filing is rejected. Deleting extra Form 7206 can be tricky because you have to uncheck the "ins pid by business income" box hidden deep in the 1095-A form entry and not visible unless you try to edit the form and continue to the check boxes. So they may or may not be an error in the tax return that you filed depending on if you deleted entries just to get to file and/or consequently you did not file something you should have. For example if you deleted Form 1095-A that will be a problem if you actually had a Marketplace plan. However if you did buy a Marketplace plan with income from business income but the Form 7206 calculated zero allowed deduction, then deleting 7206 will allow your filing to be accepted. So in summary no straight forward answer TT just released advise (belatedly) that they do not expect these problems to be fixed before the filing deadline. They do not seem to have done anything more than read some of these forum comments so far. Pretty lame!